All Forum Posts by: Matt Slease

People coming and going all hours of the night, screaming fights during all hours of the day and night, inside and outside the house, to the point where it would wake up every neighbor on the block. Other neighbors have called the police many times but this has been going on for at least as long as I've owned the house (8 months).

Thinking of finding out who owns the house and trying to buy it, but what else can be done about neighbors like this? Just had a great tenant move out because she feels unsafe.

1 Vote

Akron, Ohio

Quote from @William Martin:

@Thomas Stevenson, did you find an inspector in Canton, OH that worked out well? I am currently looking for recommendations for an inspection company that can handle inspections of a portfolio in the area that I'm looking to purchase. I'd appreciate any recommendations you may have.

Thank you in advance, William

I second Millard home inspections! David Millard has done all of mine and does a thorough job

0 Votes

Quote from @Karl Hadland:

Thank you for the replies. I think I can find better places. I cancelled both offers. 524 E buchtel and 2823 Columbus rd ne.

I think better areas and newer homes would make me feel better.

I've seen the one on Columbus road. Looked like a decent place that needed light rehab... I just don't have the capital free right now or I'd be on it.

1 Vote

Akron, Ohio

I live in and have rentals in the Canton area. North of 62 is usually ok but I hope you did your research of the area. Just a mile down the road from a decent place can be a warzone.

0 Votes

Akron, Ohio

You have to be careful in this price range.

Depending on location you could be getting a decent C class property, or a warzone nightmare...

1 Vote

Hi!

I live and invest in Canton, on the north side.

Plenty of good places to invest but you have to know the area. Just .5 miles down the road can take you from a C neighborhood to a warzone.

2 Votes

Originally posted by @Tony R. Yagiela:

Ive been an investor in North Canton (multi family and single family) since 2007. Prices in Canton right now are what the prices where in North Canton when I started investing 14 years ago. Two things about North Canton: First, its close to impossible to find anything where the numbers work and its been this way since 2018. Youll most likely have to find off market deals. And by "numbers working" I mean being able to set rent to at least 1% of the purchase price. Second, if you do have a property for rent in North Canton, you will fill it above the market rate in less than a day. I just hold open houses on Sundays at this point. It creates good buzz around the property. Right now Im working on an off-market deal for a duplex that backs up against the golf course for a purchase price of $185,000 and rents for $2500 ($1250 per side) per month.

I grew up in North Canton and live about 40 mins away. I love the community and believe that North Canton will continue to see its best days ahead.

Well said!

North Canton is an excellent area to invest as far as appreciation and quality of tenants in my opinion. Barrier to entry can be high like you said, as there seems to be lower inventory.

1 Vote

Originally posted by @Anthony King:

Originally posted by @Matt Slease:

Originally posted by @Anthony King:

@Justin Alarcon I've had recent success in Canton, Oh purchasing 2 duplexes and 2 triplexes there this year. Low cost of entry and cash flow well. Not appreciation plays. I buy elsewhere for that.

What areas of Canton are you in?

Canton has some good opportunities. You really have to know the area though because .5 miles apart could mean the difference from a C neighborhood to a war zone.

Two duplexes are well north of 12th St (border of good/not so good), one of them in Perry schools. Two triplexes in Louisville.

Nice! Perry and Louisville are both good areas. I have 3 in plain local school district between 28th st and 44th st.

0 Votes

All Forum Posts by: Matt Slease

Matt Slease has started 12 posts and replied 71 times.

Post: What insurance do you use?

Post: 7 duplexes, one purchase

Post: What to do about rowdy neighbors

Post: Canton Inspection and insurance

Post: Buying 2 multi family units Akron and Canton

Post: Buying 2 multi family units Akron and Canton

Post: Properties selling for around $100,000 or under

Post: Looking to invest in Ohio

Post: Using the Population percent change over the last 10y on Census

Post: Multifamily Investing partner / broker / market advice